ARC Advisory Group research reveals that the need for new infrastructure, water supply, and energy-efficient and climate-friendly solutions will drive growth in the medium voltage AC drives market. AC drives are key contributors for lowering greenhouse gases, as they provide the optimal speed required for an application to enhance industrial productivity and energy savings. Against this backdrop, the market will continue to grow as AC drives are one of the energy-efficient technologies that can help combat global warming.
"Decarbonization and carbon neutrality is gaining momentum across industries. Organizations are concerned and aware of the environmental impact of their industrial operations and are becoming more energy efficient. End users are aware of the need to reduce energy consumption as well as the need for automation equipment for cost-effective production that can also meet emission targets. Energy-efficient AC drives help to save a significant amount of energy by adapting capacity to the exact power demand and facilitate significant energy savings and smaller CO2 footprint," according to Anju Ajaykumar Market Analyst and key author of ARC's Medium Voltage AC Drives Market Research Report.
Medium Voltage AC Drives Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Connected Machines and Digitalization
- Decarbonization
- Remote Monitoring Services
- Retrofit Demand
Leading Suppliers to the Medium Voltage AC Drives Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, General Electric, Rockwell Automation, Siemens, TMEIC.
About the Medium Voltage AC Drives Research
The AC Drives Medium Voltage report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts and up to 5 years of historical analysis segmented by World Region, Industry, Customer Type, Machinery by Segment, Sales Channel, Revenue Category, Cooling Method,
Hardware by Component, Drive Size, Motor Voltage.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports. Available with up to 5 years of historical analysis.
- Concise Market Analysis Report (PDF): This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.